US DOLLAR, ADP EMPLOYMENT, FED, NFP, EUR/USD – TALKING POINTS:
US Dollar little-changed since last week’s Fed-inspired selloff
ADP jobs data eyed as preview of Friday’s official NFP release
EUR/USD struggling to make good on bullish Wedge breakout
The US Dollar has been little-changed on net since slipping in the wake of last week’s FOMC policy announcement, seemingly underscoring that move’s limited scope for follow-through. This is because the central bank
GBP PRICE, NEWS AND ANALYSIS:
GBP/USD is continuing its modest climb higher that began a fortnight ago, and could hit the psychologically important 1.40 level soon.
That, though, is dependent on the Bank of England’s monetary policy committee sounding hawkish when it announces its latest decisions Thursday.
GBP/USD WAITING FOR BANK OF ENGLAND
GBP/USD continues to advance modestly, extending the rise that began on July 20 when the pair hit a recent low at 1.3572. The c
The Tencent share price is off more than 40% from February’s highs due to regulatory headwinds, but is now the time to buy?
Why is the Tencent share price under pressure in 2021
Tencent the Chinese tech giant sees its share price down more than 20% year (more than 40% down from February’s highs) to date as investors react to a regulatory crackdown furthered by media pressure.
Chinese officials clamping down on major tech companies within the region has bee
As investors mull Square’s AUD$39 billion bid for Afterpay, one investment bank dramatically raised their price target (PT) on the BNPL leader.
Source: Bloomberg
Forex Indices Shares Stock Takeover Price
Moderna’s Q2 results are expected to show that sales of its Covid-19 vaccine have more than doubled from the first quarter to boost revenue.
Source: Bloomberg
Shares Moderna Share price COVID-19 vaccine Revenue Price
The Bank of England grows steadily more hawkish, but questions remain over whether rising inflation will force its head towards a tapering stage.
Bank of England meeting: when and where?
The Bank of England (BoE) will commence their latest monetary policy announcement at midday, on Thursday 5 August 2021.
Tune in to IGTV’s live BoE announcement and analysis at 11:55 AM BST on Thursday in the IG platform.
Inflation concerns remain prevalent
Spot prices and future prices have some things in common, but it’s essential to understand the differences between futures vs spot when trading any asset. Learn more in this guide.
What’s on this page?
The difference between spot and futures: an overview
What is a spot market and spot pricing?
What is a futures market and futures pricing?
Futures vs spot
As Rolls-Royce gets set to report H1 results, investors will be hoping that the worst is in the past after a torrid 2020 which led to a full-year loss of almost £4 billion. IG’s Victoria Scholar looks at the chart.
Source: Bloomberg
Shares Roll-Royce Investor Stock Citigroup Technical
The pandemic has brought both disruption and innovation to the cosmetics and beauty industry, plus unique opportunities for traders and investors. Check out some attractive cosmetics stocks to buy, short and invest in now.
Source: Bloomberg
Shares Cosmetics Estée Lauder Companies Coty
As US payments giant Square moves to acquire Afterpay, we take a closer look at the most important implications of this proposed deal.
Source: Bloomberg
Shares Takeover Price United States Cash Investor
It look
BP’s share price has retraced more than 14% from its one-year high since June. Can its upcoming results boost its share price?
Yeap Jun Rong | Market Strategist, Singapore | Publication date: Monday 02 August 2021 IG
When does BP report earnings?
British Petroleum (BP) is set to release its Q2 financial results on 3 August, along with the announcement for its dividend payout.
When is the Reserve Bank of Australia (RBA) meeting next? The RBA will meet on Tuesday, 3rd August at 2.30pm.
Forex Australia Central bank Economy of Australia AUD/USD Recession
Kyle Rodda | Market Analyst, Australia | Publication date: Monday 02 August 2021. IG
The Week Ahead
Read about upcoming market-moving events and plan your trading week. Week commencing 2 August
Joshua Mahony’s insight
Another busy week ahead, with both economic and corporate earnings playing a significant role in driving volatility as we move through th
Afterpay shares are surging this morning, after Jack Dorsey’s Square and the company announced an acquisition of the buy-now-pay-later company.
Source: Bloomberg
Indices Shares Stock Price Day trading Valuation
Robinhood faced heavy selling pressure during its first day as a public company, falling 8.37%, to finish Thursday’s session at $34.82 per share.
Source: Bloomberg
Forex Shares Robinhood IPO Stock Price
Lumber has suffered massive losses over recent months, yet historical trends highlight the potential for another bullish surge this year.
Source: Bloomberg
Lumber Market sentiment COVID-19 pandemic in the United Kingdom
With Q2 earnings season in full swing, Microsoft, Barclays, and Rio Tinto provide us with potential trading opportunities.
This article looks at some of the big movers off the back of recent earnings announcements to try and find stocks that seem to provide a good trading opportunity.
Typically, earnings announcements and trading statements will drive a shift or enhancement of market sentiment. While many see earnings as a significant risk when holding a stock, placing trades in t
The dollar edged higher in early European trading Friday, but looks set to register a negative week after a dovish Federal Reserve meeting and some disappointing growth data.
At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 91.998, having earlier fallen as low as 91.855 on Thursday, a one-month low. The index is currently around 1% lower on the week, its worst weekly showing since early May, and down arou
Amazon (NASDAQ:AMZN) reported Thursday softer third-quarter revenue guidance and mixed second-quarter results as earnings beat, but revenue fell short of expectations.
Amazon.com announced earnings per share of $15.12 on revenue of $113.1 billion. Analysts polled by Investing.com anticipated EPS of $12.24 on revenue of $115.33 billion.
Net sales in North America rose to $67.55 billion from $55.44 billion in the the prior-year period.
Amazon Web Services, its fast-growing cloud rev
In this series we will piece together the anatomy of a swing trade and discuss the tools along with the methodology used to construct a basic trade setup. While no one single strategy is perfect, these best practices can be utilized in conjunction with your own trading strategy to identify more favorable entry / exit points in trending market environments.
Trendlines are the simplest and single most important (and largely underutilized) tool in your trading arsenal. Extending a line off key
Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 2nd August 2021. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video.
NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your acco
Find out what to expect from Uber’s earnings results, how they will affect Uber share price, and how to trade Uber’s earnings.
Source: Bloomberg
Shares Uber Price Share price Ridesharing company Relative strength index